240
240
Aug 3, 2009
08/09
by
CNBC
tv
eye 240
favorite 0
quote 1
bob pisani? >> well, the bottom line is this. eric schmidt should have left apple sometime ago because the conflict between google and apple has been heating up for months. they're competing on operating systems at this point as well as on the iphone. arguably he should've left a long time ago. if i was steve jobs, i'd be very nervous having eric schmidt on my board for that company. so as far as i'm concerned, it should have happened a long time ago. >> and finally steve, i've got a lot of people e-mailing me, personal e-mail, that's how important this must be telling me there's nothing but air between 1,000 on the s&p and 1,100 and that gets me back to pre-lehman august 2008 territory. and i have been arguing that's where the corporate bond spreads are telling me we're headed. nothing but air to get to 1,100. hell's bells we just got to 1,000. there's got to be a pullback some place, steve. >> i think there's got to be a pullback, but at this point, we're marching up to 1,100. >> straight up? >> i think we're going to get there
bob pisani? >> well, the bottom line is this. eric schmidt should have left apple sometime ago because the conflict between google and apple has been heating up for months. they're competing on operating systems at this point as well as on the iphone. arguably he should've left a long time ago. if i was steve jobs, i'd be very nervous having eric schmidt on my board for that company. so as far as i'm concerned, it should have happened a long time ago. >> and finally steve, i've got...
241
241
Aug 10, 2009
08/09
by
CNBC
tv
eye 241
favorite 0
quote 0
bob pisani, great to see you asú always.ú sending back to mr. kudlow. >> many are nervous because stocks move up too far too fast. s&p up 50, nasdaq opens at the recess, check it out. i'm calling it the new bull market as are some of my colleagues. i believe in it fervently right now. don't know how long it's going to last.x for the moment it's looking good. money managers and economists are warning despite hopeful sign consumer debt has barely come down. that will eventually weigh down stocks. are they right? let's ask our bear, president of james investment recertainly and our bull, hugh johnson, chairman of johnson advisors. gentlemen, good morning. hugh, i'll start with you. consumer debt, is that going to weigh down? is that going to mean this is a faux bull market? >> no. just means the recovery in the economy and earnings is going to be slower. it's going to take about 12 quarters as i crunch the numbers to eliminate -- not eliminate but reduce the debt, consumer debt on consumer household balance sheet to levels that are more manageable.
bob pisani, great to see you asú always.ú sending back to mr. kudlow. >> many are nervous because stocks move up too far too fast. s&p up 50, nasdaq opens at the recess, check it out. i'm calling it the new bull market as are some of my colleagues. i believe in it fervently right now. don't know how long it's going to last.x for the moment it's looking good. money managers and economists are warning despite hopeful sign consumer debt has barely come down. that will eventually weigh...
214
214
Aug 13, 2009
08/09
by
CNBC
tv
eye 214
favorite 0
quote 0
i'm bob pisani down on the floor of the new york stock exchange. hello, michelle. >> hi, bob, good to see you, i'm michelle caruso-cabrera in for maria bartiromo at cnbc global headquarters. right now the dow jones industrial average is lower by a 4r89 more than ten points. 9,351. the nasdaq pretty indecisive trade there as well, higher by nearly two points, sitting right now on the 2,000 mark. the s&p 500 pretty indecisive day but let's see as we go into last hour of trading higher by a little more than a point. 1,0067 is where the s&p stands right now. >> we've got some groups that are nicely moving ahead. financials, for example, materials stocks since the dollar has been a little weaker here. but the big talk is about the retailers, been walmart. we've got a lot of retailers coming. i want to show you nordstrom because that's going to be coming after the bell. everybody knows they had the big sale in july but look at this stock, one-month chart, up 30% in a month here. the speculation is the sale went very well. but don't be surprised to see so
i'm bob pisani down on the floor of the new york stock exchange. hello, michelle. >> hi, bob, good to see you, i'm michelle caruso-cabrera in for maria bartiromo at cnbc global headquarters. right now the dow jones industrial average is lower by a 4r89 more than ten points. 9,351. the nasdaq pretty indecisive trade there as well, higher by nearly two points, sitting right now on the 2,000 mark. the s&p 500 pretty indecisive day but let's see as we go into last hour of trading higher...
302
302
Aug 6, 2009
08/09
by
CNBC
tv
eye 302
favorite 0
quote 0
bob pisani, back to you. >> thank you, rick. and of course charles biderman, well known to all the viewers here at cnbc. let's talk to our guests here about where we're going here. bull, bear here. alec young, you know him, equity strategist at standard & poor's. and larry canter's the head of research over at barclays capital. so where are we here? the bulls are saying get used to better gdp growth. about 2 1/2% for the second half of the year. some have 3%. the bears say you're kidding yourself, there's no sales growth here, you're not going to be able to argue cost cutting and margin improvement, it's not going to work in the second half. so what's going to happen here? >> well, bobby, i think over the short term sometimes the market needs to tack a breather. a lot of the bullish arguments you just articulated are what have driven a lot of this rally. but at this point that's in the market. i would agree with the bears that the bar for expectations is going a lot higher in the second half. but i think it's too soon to really
bob pisani, back to you. >> thank you, rick. and of course charles biderman, well known to all the viewers here at cnbc. let's talk to our guests here about where we're going here. bull, bear here. alec young, you know him, equity strategist at standard & poor's. and larry canter's the head of research over at barclays capital. so where are we here? the bulls are saying get used to better gdp growth. about 2 1/2% for the second half of the year. some have 3%. the bears say you're...
287
287
Aug 4, 2009
08/09
by
CNBC
tv
eye 287
favorite 0
quote 0
and as bob pisani was saying earlier, you can't find the trend. we've been above the 200-day average and with $4 trillion on the sidelines, it's tough pushing against this bull. >> how much money -- >> you can't find the trend, baby. >> how much money is on the sidelines? isn't it zero on the sidelines? all of that money's hiding in commercial paper and the bond markets. there's really nothing -- you're really -- >> money markets. >> you're devastating action in the bond market, you're calling for interest rates to skyrocket, aren't you? >> don't you see any of that money flowing back into stocks? >> yes, but that means bonds prices will plummet and yields will rise. and as an economy, we continue to take on debt and leverage. we are more leveraged now than we were in 2008. so when the federal reserve decide to take the pedal off the metal, what will happen to this economy? >> if you're talking about -- >> not in -- >> if you're talking about -- >> yes, we're all making money now. let's plan for the future. let's look ahead and throw away the rear
and as bob pisani was saying earlier, you can't find the trend. we've been above the 200-day average and with $4 trillion on the sidelines, it's tough pushing against this bull. >> how much money -- >> you can't find the trend, baby. >> how much money is on the sidelines? isn't it zero on the sidelines? all of that money's hiding in commercial paper and the bond markets. there's really nothing -- you're really -- >> money markets. >> you're devastating action in...
304
304
Aug 27, 2009
08/09
by
CNBC
tv
eye 304
favorite 0
quote 0
live to bob pisani on the floofrt nyse with more on today's action. bob. >> you can say it's low volume, we're sort of churning around not doing much but intraday if was really quite exciting. there was a lot going on. >> down how many, 80 points? that's a major reversal. >> let's take a look at the key movers. first financials. i can't emphasize enough what are called high beta financials and their impact on the volume here. four or five stocks that are significant portions. up to 40% of the volume on the new york stock exchange this week. just look at aig. and of course we had a whole hour essentially discussing various aspects of aig. the bottom line is this. not only was there a short squeeze it has been going on for weeks, but in addition, mr. benmosche making some positive comments in the last week. then recent revelation that's mr. benmosche was in fact talking to hank greenberg, also helped move the stock up in the last day. i hope you heard what we were talking about in the last hour, mr. greenberg calling in to cnbc and saying those recent r
live to bob pisani on the floofrt nyse with more on today's action. bob. >> you can say it's low volume, we're sort of churning around not doing much but intraday if was really quite exciting. there was a lot going on. >> down how many, 80 points? that's a major reversal. >> let's take a look at the key movers. first financials. i can't emphasize enough what are called high beta financials and their impact on the volume here. four or five stocks that are significant portions....
196
196
Aug 26, 2009
08/09
by
CNBC
tv
eye 196
favorite 0
quote 0
bob pisani, by the way, on the floor of the new york stock exchange. excellent new home sales numbers. look what's been going on here. we've been seeing new home sales four consecutive months on the up side. existing home sales four consecutive months on the up side. case shiller home price index up two months in a row now. these are clearly numbers that indicate some kind of bottom is being put in. why isn't the market a little more impressed? maybe because we've already had a 4% rally in a month that is traditionally seasonally considered weak. august and september the two weakest months of the year back to back. traders have been trying to play the short end of this thing and they've been losing. so a lot of people have simply been capitulating to go along with the overall trade. we've got more economic numbers in a couple days. there's the bell. you know who's next, maria bartiromo. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "the closing bell." i'm maria bartiromo on the floor of the new york
bob pisani, by the way, on the floor of the new york stock exchange. excellent new home sales numbers. look what's been going on here. we've been seeing new home sales four consecutive months on the up side. existing home sales four consecutive months on the up side. case shiller home price index up two months in a row now. these are clearly numbers that indicate some kind of bottom is being put in. why isn't the market a little more impressed? maybe because we've already had a 4% rally in a...
242
242
Aug 10, 2009
08/09
by
CNBC
tv
eye 242
favorite 0
quote 0
bob pisani, thanks so much. taking a look at today's business headlines, mcdonald's july same-store sales rising 4.3%. that was better than expected because of a strong promotion of its new coffee drinks and a big jump in european sales. in the u.s. sales rose 2.6% as budget-conscious consumers hungered for the fast food chain's dollar menu. >>> southwest airlines is making a firm bid for bankrupt carrier frontier. late last month southwest put in a non-binding bid for more than $113 million. the move sets up an auction tomorrow between southwest and republic airways, which had previously offered $109 million for frontier. >>> and if you can't beat them, join them. toshiba, which lost the video format war by backing hd dvd, said it will join its rival and begin selling blu-ray products bit the end of the year. toshiba's move could trigger price wars in the already competitive blu-ray market.. >>> the summer rally losing steam a little bit with major averages finishing in the red and despite mounting concerns tha
bob pisani, thanks so much. taking a look at today's business headlines, mcdonald's july same-store sales rising 4.3%. that was better than expected because of a strong promotion of its new coffee drinks and a big jump in european sales. in the u.s. sales rose 2.6% as budget-conscious consumers hungered for the fast food chain's dollar menu. >>> southwest airlines is making a firm bid for bankrupt carrier frontier. late last month southwest put in a non-binding bid for more than $113...
288
288
Aug 20, 2009
08/09
by
CNBC
tv
eye 288
favorite 0
quote 1
kick things off with bob pisani here at the big board. robert? >> another chance to sell off the market. and remember, there is a substantial amount of not just bears but bulls like the market to drop a little bit more because they want to buy at a lower price. they're still interested. look at the s&p 500. it hasn't happened. after monday's drop you think you would have a few opportunities to shuttle the market off right at the open. they tried and just like yesterday, it goes nowhere. even market immediately starts rising within a few minutes after dropping just a few points lower here. this re-enforces a lot of the ultrabulls positions that there is a floor under the market. that is actually going to be fairly tough to drop that market, say, 10%. . a lot of bulls would like it to drop to drop lower. financials, techs, industrials, industry leading. doing fine. let me just point out aig. i keep get questions on aig. second day in a row. question is, is this the second short squeeze in aig? remember what happened a few weeks ago. there was a sho
kick things off with bob pisani here at the big board. robert? >> another chance to sell off the market. and remember, there is a substantial amount of not just bears but bulls like the market to drop a little bit more because they want to buy at a lower price. they're still interested. look at the s&p 500. it hasn't happened. after monday's drop you think you would have a few opportunities to shuttle the market off right at the open. they tried and just like yesterday, it goes...
299
299
Aug 20, 2009
08/09
by
CNBC
tv
eye 299
favorite 0
quote 0
we get all the action right now from bob pisani, our eye on the floor of the nyse. pretty good close here, bob. >> and look at this. three days in a row we tried to push them down right at the open three days in a row, and three days in a row it moves up. despite the big down day on monday. certainly very impressive, folks. we thought we'd have a chance four it down and it's not worth it. take a look athe
we get all the action right now from bob pisani, our eye on the floor of the nyse. pretty good close here, bob. >> and look at this. three days in a row we tried to push them down right at the open three days in a row, and three days in a row it moves up. despite the big down day on monday. certainly very impressive, folks. we thought we'd have a chance four it down and it's not worth it. take a look athe
249
249
Aug 18, 2009
08/09
by
CNBC
tv
eye 249
favorite 0
quote 0
we begin our cavalcade of stars with bob pisani. robert. >> futures are up a little bit here as europe and asia have recovered a little bit. and the retail news as you heard, there a little better than expected. home depot is up the estimate, raises their full year guidance but the top line is still below expe expectation. big ticket item, again, like lowe's affecting home depot. target up again, beating expectation. saks reported significantly smaller than expected second quarter loss and reaffirmed their sales forecast. here's the bottom line on the e retailers. we cannot to see margin improvement that is mostly due to cost cuts but still no sign of an increase in spending. trader tau, how's it looking at the nasdaq. >> we're up 0.6 of a% right now. improving as we get closer to the bell today. what day makes on a research call, imagine yesterday trying to sell an improving sentiment story with cell phones. china was out with the news. but rbc raises systems on apple, rim and palm this morning. that's from a $100 previous price ta
we begin our cavalcade of stars with bob pisani. robert. >> futures are up a little bit here as europe and asia have recovered a little bit. and the retail news as you heard, there a little better than expected. home depot is up the estimate, raises their full year guidance but the top line is still below expe expectation. big ticket item, again, like lowe's affecting home depot. target up again, beating expectation. saks reported significantly smaller than expected second quarter loss...
274
274
Aug 18, 2009
08/09
by
CNBC
tv
eye 274
favorite 0
quote 0
bob pisani, thank you so much. i want to head uptown now to mr. nesto standing by for us at the nasdaq. what can you tell us? >> yes, trish. time square today, and it's interesting if you look at the nasdaq, 6/10 of a percent higher, all of the heavy lifting done in the first few minutes and they have been trending sideways. flextronics the best single performer. remember, no financials in the ndx, so h spin i show you because it's one of the strongest financials trading at the nasdaq today. the arp, call from rbc, that's ample, rim and palm, all higher. specifically in r.i.m., they think it's on its way to $150 per share. pack car fighting with joy global to top the industrial leadership here today and the markets in general. 3% higher. it is now neutral rated. luke warm. but it was sell rated at goldman sachs. look at huron. of this is a company worth only $300 million. today it was close to a billion. a couple of weeks ago, the company came out with better than expected earnings, but it's just been smashed. the management -- the whole managem
bob pisani, thank you so much. i want to head uptown now to mr. nesto standing by for us at the nasdaq. what can you tell us? >> yes, trish. time square today, and it's interesting if you look at the nasdaq, 6/10 of a percent higher, all of the heavy lifting done in the first few minutes and they have been trending sideways. flextronics the best single performer. remember, no financials in the ndx, so h spin i show you because it's one of the strongest financials trading at the nasdaq...
220
220
Aug 12, 2009
08/09
by
CNBC
tv
eye 220
favorite 0
quote 0
bob pisani will have the ceo first after the opening bell. first ipo of a company since may 20th, of an operating company. we need to be specific. and a secret stock. this one we'reited about. that's next. the big board on this wednesday morning. john, always good to see you. i'm looking here at the futures trade. market doesn't know where to go. the stock news is pretty darn solid but everyone is waiting for what the fed is going to do. what would surprise you? >> what would surprise me is the fed making a move on interest rates. i really don't think that's going to happen. mark opened the show today with a seesaw reference. i think that's what we really have to contend with today. we rallied 30%, 50%, the equity market has just about much technical strength that we can. there might be a few percentage points left. we have to look forward to what profit visibility is going to be for next year before equities can fundamentally move. the fed, it's about the balance sheet. it's not about -- it's about the fed balance sheet. it's not about the f
bob pisani will have the ceo first after the opening bell. first ipo of a company since may 20th, of an operating company. we need to be specific. and a secret stock. this one we'reited about. that's next. the big board on this wednesday morning. john, always good to see you. i'm looking here at the futures trade. market doesn't know where to go. the stock news is pretty darn solid but everyone is waiting for what the fed is going to do. what would surprise you? >> what would surprise me...
54
54
Aug 5, 2009
08/09
by
CNBC
tv
eye 54
favorite 0
quote 0
i'm bob pisani at the new york stock exchange. hello, melissa. >> hey, bob, i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now we're seeing some selling pressure on wall street. stocks are showing modest losses as we head into the home stretch of today's session. taking a look at the major averages, right now you can see the dow there trading down 22 points. about a quarter of a percentage point. the nasdaq right now, take a look at how it is trading. we'll show it to you. also trading to the down side by about .8%. below that 2,000 level we were so proud of a couple days ago. the s&p 500, though, is hanging above 1,000. 1,004. down a little more than .1%. bob, how's it going down there this afternoon? >> well, on the surface it looks kind of quiet, melissa. but in fact, there are a number of different sectors that are moving, including financials and stocks that are sort of controlled by the government at this point. take a look at the three big government-owned stocks. i'm talking ai
i'm bob pisani at the new york stock exchange. hello, melissa. >> hey, bob, i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now we're seeing some selling pressure on wall street. stocks are showing modest losses as we head into the home stretch of today's session. taking a look at the major averages, right now you can see the dow there trading down 22 points. about a quarter of a percentage point. the nasdaq right now, take a look at how it is...
278
278
Aug 18, 2009
08/09
by
CNBC
tv
eye 278
favorite 0
quote 0
. >> the nyse, the nymex and on the floor of the cme group in chicago, we start with bob pisani, our eye on the floor. everything that was down yesterday is up today. >> i'm chuckling because we were primed for another move to the downside. they tried it right at the open and it didn't work other than ten minutes down, we have been moving up essentially throughout the day. here's what's going on here. they tried to drop the markets earlier on but it didn't happen. the street had been expecting some kind of pullback. 10% would bring it to 900. we're only 10% from the august 13th highs. i hardly call it a pullback. the bears are insisting there's no sign of consumer spending, uptick in 2009. that's going to drop the market in september and october. the bulls say we know that already. they keep bringing out home depot today. the bulls bringing out home depot ace defense. comp store sales are not positive till the second half of 2010. but the stock's up because they raised guidance. rebecca is going to have more. very important with bb&t because they came out with a secondary increasing
. >> the nyse, the nymex and on the floor of the cme group in chicago, we start with bob pisani, our eye on the floor. everything that was down yesterday is up today. >> i'm chuckling because we were primed for another move to the downside. they tried it right at the open and it didn't work other than ten minutes down, we have been moving up essentially throughout the day. here's what's going on here. they tried to drop the markets earlier on but it didn't happen. the street had...
258
258
Aug 4, 2009
08/09
by
CNBC
tv
eye 258
favorite 0
quote 0
. >> bob pisani where we're ending the day basically flat on either side of plus or minus 30 points for the dow jones industrial average. but the curious thing is financial stocks interest rate sensitive stocks in generally have been outperforming the market for the last several days. it take a look at major indexes. matt was just talking about reits. the real estate index, the major index everybody uses has generally underperformed quite notably earlier part of the year. just in the last few days, it's begun moving to the upside. no matter what anybody tells you, the fundamentals of commercial real estate are very poor. a lot of people are notably underinvested in reits. if you believe in the general market move it up theory, you've got to have certain kinds of market representation. same situation with some of the big bank stocks. you've got regional banks with credit deterioration issues outs there but again, if the market starts improving, yield curve starts stooep steepening, these banks will be more profitable down the road. banks have also been outperforming the market recently.
. >> bob pisani where we're ending the day basically flat on either side of plus or minus 30 points for the dow jones industrial average. but the curious thing is financial stocks interest rate sensitive stocks in generally have been outperforming the market for the last several days. it take a look at major indexes. matt was just talking about reits. the real estate index, the major index everybody uses has generally underperformed quite notably earlier part of the year. just in the last...
325
325
Aug 27, 2009
08/09
by
CNBC
tv
eye 325
favorite 0
quote 0
we have hampton pearson in washtd, bob pisani with the market reaction. but hampton, let's begin with you. >> well, first, here at the fdic, its second quarter banking profile tells us that by the end of june, its list of so-called problem banks was at a 15-year high, some 416 institutions with combined assets of just under $300 billion. fdi-insured banks had a $3.7 billion aggregate net loss in the second quarter, two out of three institutions reporting lower quarterly earnings than a year ago. 28.3% were unprofitable. net chargeoff rates, set a quarterly record. $48.9 billion versus $26.4 billion a year ago. the noncurrent loan rate now at a record level. 41.4, up 14% in the second quarter. fdic chair sheila bair says banks are setting aside more reserves to deal with loan losses, but they will be a headache long after the economy recovers. >> in the second quarter, loss provisions were ten times what they were three years ago. the obvious reason for this is the ongoing need to bolster reserves in the face of rising levels of troubled loans. these credi
we have hampton pearson in washtd, bob pisani with the market reaction. but hampton, let's begin with you. >> well, first, here at the fdic, its second quarter banking profile tells us that by the end of june, its list of so-called problem banks was at a 15-year high, some 416 institutions with combined assets of just under $300 billion. fdi-insured banks had a $3.7 billion aggregate net loss in the second quarter, two out of three institutions reporting lower quarterly earnings than a...
347
347
Aug 26, 2009
08/09
by
CNBC
tv
eye 347
favorite 0
quote 0
let's head over to bob pisani for more from the stock exchange. bob? >> and, of course, the home builders are doing very well here, diana. thanks very much. look at the big names here, all hitting highs for the year. the traders down here do believe that the expiration of the first time home blir credit by will expire in november was a factor in the big beep in the margins here. look at the nice move up in the home builders, and a move up in the overall marked around 10:00 eastern time as numbers came out. take a look at lennar. what is happening here is some of these builders are now starting to go back to their prelehman bankruptcy days, not just the highs for the year, but back to where they were in september. starting to see this with a number of stocks, particularly with cyclical names. finally, a lot of talk about the economic data improving dramatically in the last week or so. look at today, the durable goods and new home sales, and yesterday the case-shiller home price index, consumer confidence better than expected. last week, the philly fed,
let's head over to bob pisani for more from the stock exchange. bob? >> and, of course, the home builders are doing very well here, diana. thanks very much. look at the big names here, all hitting highs for the year. the traders down here do believe that the expiration of the first time home blir credit by will expire in november was a factor in the big beep in the margins here. look at the nice move up in the home builders, and a move up in the overall marked around 10:00 eastern time as...
283
283
Aug 3, 2009
08/09
by
CNBC
tv
eye 283
favorite 0
quote 0
bob pisani is our eye on the floor of the new york stock exchange. bob, it happened on our watch.. you're on watch every day, but you know, i'm not always here at 4:00. i love it. i can't take it. what can i say? >> yeah. and it is a little bit more important than just a round number, than just a psychological number. there are some technical factors. but more importantly, folks, this wasn't a fluff rally. there actually was some substance behind this and some reasons why we went up. let's take a look at the main reasons and they are economic as well as company commentary, sector commentary. number one here, and this is the important thing, europe and china all had a very nice breakout session earlier on with the china manufacturing pmi, and china is pushing the world around. so we had new highs over in shanghai, germany, france, hong kong, uk, australia, you name it. u.s. ism was stronger here. while it was
bob pisani is our eye on the floor of the new york stock exchange. bob, it happened on our watch.. you're on watch every day, but you know, i'm not always here at 4:00. i love it. i can't take it. what can i say? >> yeah. and it is a little bit more important than just a round number, than just a psychological number. there are some technical factors. but more importantly, folks, this wasn't a fluff rally. there actually was some substance behind this and some reasons why we went up....
232
232
Aug 10, 2009
08/09
by
CNBC
tv
eye 232
favorite 0
quote 0
i'm bob pisani down on the floor of the new york stock exchange. hi, pap. >> hey, bob. and i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now stocks are down on the day. they're having their worst drop in a month. however, still less than 1% dip, which goes to show you just how far the bulls have come in the past four weeks. as for the major indices take a look at the dow right now, down .6%. about 55 points. 9,315 the level there. the nasdaq also trading to the down side, down about .7%, a little more than 14 points. 1,986 the last trade there. and the s&p 500 also trading lower by .6%. bob, what's going on on the floor? >> well, if this is the worst the bears can do the bulls should be pretty happy. it's very simple, folks.s. everything that was up the most last week is down the most today. that's called profit taking. remember, professional traders have got to figure out what to buy and sell every day, and today they're selling the stuff they made the money on last week. so let's take a look at the highlights here. and th
i'm bob pisani down on the floor of the new york stock exchange. hi, pap. >> hey, bob. and i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now stocks are down on the day. they're having their worst drop in a month. however, still less than 1% dip, which goes to show you just how far the bulls have come in the past four weeks. as for the major indices take a look at the dow right now, down .6%. about 55 points. 9,315 the level there. the nasdaq...
277
277
Aug 19, 2009
08/09
by
CNBC
tv
eye 277
favorite 0
quote 0
but first to our bob pisani who is our eye on the floor at the new york stock exchange. bob, they want the market to go down. it's just not going down. >> and it's been frustrating for a lot of traders because bulls and bears seem a little bit invested in getting a bit of a drop. bears because they don't think the market is worth it at this level. balls bulls because they want a drop because they want to buy lower. let's take a look at what happened in the middle of the day. the bottom line is this -- stocks declining an opportunity to drop once again here. we are back in that trading range that we've been in throughout the whole month of august. there was only that one day on monday where we actually saw real selling pressure and other than that it hasn't been around for the last month. as for what's moving, commodities. the dollar is lower here, been strong all throughout the day. speaking of commodities oil's been strong all throughout the morning. weekly oil inventories showed a drawdown rather than a build as expected. some of the big names like occidental strong al
but first to our bob pisani who is our eye on the floor at the new york stock exchange. bob, they want the market to go down. it's just not going down. >> and it's been frustrating for a lot of traders because bulls and bears seem a little bit invested in getting a bit of a drop. bears because they don't think the market is worth it at this level. balls bulls because they want a drop because they want to buy lower. let's take a look at what happened in the middle of the day. the bottom...
242
242
Aug 26, 2009
08/09
by
CNBC
tv
eye 242
favorite 0
quote 0
bob pisani is here at the big board. bob, what you got? >> hello, melissa. good to see you down here. a lot of talk about what's going on in china. see aluminum company over there trading down. posted larger than expected loss than expected here. you see demand weak for aluminum prices have been poor at this point. here's what's important. the company came out and said the chinese government have been an active buyer for aluminum through march. that's when all the commodity prices went up. they recognize they have a glut on their hands. the china's cabinet said they would use enhanced management to curb capacity in several industries. oil hit $75 yesterday. fell apart. energy stocks fell apart. a lot of traders talking about a top in energy. finally, william issonoma up 11. on cost cutting they did raise their guidance for the full year. remember, it's still not much in the way of top line growth. tradertalk.cnbc.com. scott, how are we looking at the nasdaq? >> a flat open this morning. most technology stocks are large caps are mixed as microsoft and apple a
bob pisani is here at the big board. bob, what you got? >> hello, melissa. good to see you down here. a lot of talk about what's going on in china. see aluminum company over there trading down. posted larger than expected loss than expected here. you see demand weak for aluminum prices have been poor at this point. here's what's important. the company came out and said the chinese government have been an active buyer for aluminum through march. that's when all the commodity prices went...
190
190
Aug 28, 2009
08/09
by
CNBC
tv
eye 190
favorite 0
quote 0
>>> bob pisani down on the floor of the new york stock exchange. we're still settling out but it looks mostly flat on the week. dow jones industrial average up about 0.3%. s&p about the same. nasdaq just a little bit of outperformance here. still trying to settle out. but again, intel, great news. increase in revenue, increase in top line. that's what everybody's been arguing for, everybody's been wanting and yet the market outside of the semiconductors that had a good day kind of yawned about it. a lot of the traders felt this is what people were expecting, modestly improved sales were already priced into the stocks. you get it both ways, if the market would have gone up you would have said that's what we wanted to hear, market goes sideways, kind of yawns about it and says it's already priced in. some traders have an explanation no matter what you do, folks. i know it's a little bit annoying sometimes. here's what's important. churning around on very light volume is not a sign of much of anything. everybody's worried that the rally is running out
>>> bob pisani down on the floor of the new york stock exchange. we're still settling out but it looks mostly flat on the week. dow jones industrial average up about 0.3%. s&p about the same. nasdaq just a little bit of outperformance here. still trying to settle out. but again, intel, great news. increase in revenue, increase in top line. that's what everybody's been arguing for, everybody's been wanting and yet the market outside of the semiconductors that had a good day kind of...
239
239
Aug 14, 2009
08/09
by
CNBC
tv
eye 239
favorite 0
quote 0
bob pisani, thanks very much. we're down 80 points now on the dow, but it is indeed a down day and a down week as we wrap it up here today. "closing bell" is next. continuing with melissa francis. >>> it is 4:00 p.m. on wall street. do you know where your money is? welcome to "the closing bell." i'm melissa francis in for maria bartiromo and here's what we are following at the close. stocks retreating after two days of gains amid mixed economic data. although we have recovered from the lows of the day. what really spooked investors, though, was a dropping consumer sentiment raising fresh concerns about consumer spending. and oil getting crushed today along with the broader market. crude down more than $3 or 4.3% at the close to close at $67.51 a barrel. here's a look at how we finished the day on wall street. the dow closing down on the day but likely well off the lows of the session. take a look. we had been down about 130 points an hour ago. making our way back a little bit at he the close. down 76 points, .8%.
bob pisani, thanks very much. we're down 80 points now on the dow, but it is indeed a down day and a down week as we wrap it up here today. "closing bell" is next. continuing with melissa francis. >>> it is 4:00 p.m. on wall street. do you know where your money is? welcome to "the closing bell." i'm melissa francis in for maria bartiromo and here's what we are following at the close. stocks retreating after two days of gains amid mixed economic data. although we...
244
244
Aug 12, 2009
08/09
by
CNBC
tv
eye 244
favorite 0
quote 0
. >> all right, steve grasso, thank you very much, bob pisani and trish. and by the way, starwood, that's commercial real estate, extremely bullish to getten ipo no. no one is expecting interest rates to raise after the policy meeting this afternoon. but the big debate is whether they should stop loaning and begin their exit strategy right now. joining us to discuss all this, former fed vice chair and current princeton economics professor allen blinder, cnbc's steve liesman and rick santelli. allen blinder, let me go to you, sir. good to see you again. if you look at the feds' balance sheet, which has not risen in about seven months after the initial stimulus last fall, allen, to some extent, as the emergency loans go down, it looks like they have started an exit strategy. is that possible? >> well, it depends on terminology. they've -- the banks have started an exit strategy by demanding less credit from these facilities and the fed's attitude was always to be kind of passive about the amounts on these lending facilities to make sure the banks were liquid
. >> all right, steve grasso, thank you very much, bob pisani and trish. and by the way, starwood, that's commercial real estate, extremely bullish to getten ipo no. no one is expecting interest rates to raise after the policy meeting this afternoon. but the big debate is whether they should stop loaning and begin their exit strategy right now. joining us to discuss all this, former fed vice chair and current princeton economics professor allen blinder, cnbc's steve liesman and rick...
236
236
Aug 13, 2009
08/09
by
CNBC
tv
eye 236
favorite 0
quote 0
bob pisani down on the floor of the new york stock exchange. here's the post for king pharmaceuticals. nobody in front of it. it was halted for news pending and it's not going to reopen today. it's still halted for news pending. we do not know what the news is going to be. there's been speculation as we've been telling you it may relate to fda approval or not approval for its pain drug embeta. they've had a lot of hopes for that. but again we're not going to know at least for the moment. that stock is not going to resume trading today. elsewhere it's been a tough day for a number of stocks. retailers have sort of mixed commentary. look at the solar stocks like ldk, which is a big chinese solar company. these solar companies in theory should be driving. in reality they're having a terrible time of it. big glut of solar panels out there and can't get financing. ldk also has a very large debt burden. that stock down about 20% today and they've been look for some bright spots, it's just not happening in the solar group. right now we're going toned
bob pisani down on the floor of the new york stock exchange. here's the post for king pharmaceuticals. nobody in front of it. it was halted for news pending and it's not going to reopen today. it's still halted for news pending. we do not know what the news is going to be. there's been speculation as we've been telling you it may relate to fda approval or not approval for its pain drug embeta. they've had a lot of hopes for that. but again we're not going to know at least for the moment. that...
379
379
Aug 25, 2009
08/09
by
CNBC
tv
eye 379
favorite 0
quote 1
of steve liesman pointed out this morning, but now we'll get the immediate reaction from bob pisani. bob. >> thanks very much, john. the important thing here, mr. bernanke helps, but it was the economic news on kay shiller, as well, and the consumer confidence numbers. take a look at the s&p intraday here, a little discussion that that conference board number may have been leaked a little bit before. the conference board said they put up the number at the same time on their website for everyone 10:00 eastern time, but they did move up, the numbers -- or the s&p certainly moved up ahead of the numbers at 10:00 eastern time. take a look at the home builders. case-shiller, 1.4% increase month over month. that was the second month in a row we saw an increase in prices. all of the home builders are up nicely here today, many sitting at month highs. the big debate is whether financials in commodities will continue to dominate. there is financial stocks in the last month or so on the top line. dominating the s&p 500. commodity stocks also dominating, as well. a lot of people are trying to a
of steve liesman pointed out this morning, but now we'll get the immediate reaction from bob pisani. bob. >> thanks very much, john. the important thing here, mr. bernanke helps, but it was the economic news on kay shiller, as well, and the consumer confidence numbers. take a look at the s&p intraday here, a little discussion that that conference board number may have been leaked a little bit before. the conference board said they put up the number at the same time on their website...
326
326
Aug 17, 2009
08/09
by
CNBC
tv
eye 326
favorite 0
quote 1
. >>> bob pisani down on the floor of the new york stock exchange. why am i walking backwards? let's walk forwards.. always go forwards, folks. the dow and s&p is having the worst two-day rally -- or two-day decline in the last couple of months here. this is finally happening, and it's a good thing. it's a healthy thing for the market. remember the big debate pb the bulls are arguing that even if the market dropped a big bit, pick a number, 900 on the s&p, whatever your number is, that there is an underflying floor to the market and by that the bulls are arguing that there is a point at which bulls will come in and buy aggressively. that's a floor und err why the market. so 666, that was the march 5th low. that's gone. that's in the history books. this is the bulls' argument. we're not going to have to worry about hitting those lows again because buyers who missed the rally and there are significant numbers who did, particularly this summer rally since july, are eager to pick up stocks at some lower level, say, 6%, 7%, 8%, nobody knows the exact number. there's the theory and t
. >>> bob pisani down on the floor of the new york stock exchange. why am i walking backwards? let's walk forwards.. always go forwards, folks. the dow and s&p is having the worst two-day rally -- or two-day decline in the last couple of months here. this is finally happening, and it's a good thing. it's a healthy thing for the market. remember the big debate pb the bulls are arguing that even if the market dropped a big bit, pick a number, 900 on the s&p, whatever your number...
216
216
Aug 17, 2009
08/09
by
CNBC
tv
eye 216
favorite 0
quote 0
bob pisani, see you a little later. meanwhile we saw a sharp pullback in the nasdaq. that was the big loser on the day. matt nesto manning the shop at nasdaq. >> it's interesting if you look at two-day loss. it's over 3.9%. a two-day decline that we haven't seen since the end of march. interesting also because we've fallen 4 of 6 days. so the weakness in this market place has been pronounced. you can see down 2 3/4% here today at 1,930. we threw the weekly streak overboard on friday, and now with a negative month to date reading for the nasdaq we are also on track to throw the five consecutive monthly streak overboard as well. names worth looking at here today, erts, electronic arts, the worst performer in the nasdaq down over 7% today. wynn resorts also a terrible day, down 7%. 8% the final print. the interesting there is the second worst performer in the nasdaq 100 today. it's the best performer over the two-month period that started july 1st. also liberty media very weak here today. the only strength as we saw on the list of stocks is health care. we saw names like
bob pisani, see you a little later. meanwhile we saw a sharp pullback in the nasdaq. that was the big loser on the day. matt nesto manning the shop at nasdaq. >> it's interesting if you look at two-day loss. it's over 3.9%. a two-day decline that we haven't seen since the end of march. interesting also because we've fallen 4 of 6 days. so the weakness in this market place has been pronounced. you can see down 2 3/4% here today at 1,930. we threw the weekly streak overboard on friday, and...
320
320
Aug 6, 2009
08/09
by
CNBC
tv
eye 320
favorite 0
quote 0
and as you heard bob pisani break it down, the thesis here is this. the retailers are going to be able to beat in the coming quarters because of cost cutting, because of margin improvement. that's much more so than because of their outright sales growth. inventories at retailers, they're running about 10% to 20% lower than last year. consumers are still strapped for cash. and saving what they have with unemployment running at multidecade highs. now, it's one of the reasons some of the best same-store sales are coming out of the off-price retailers. t.j. maxx, ross stores, companies we highlighted yesterday, they beat on their july expectations, both came out with same-store sales up 4%. meantime the biggest sale sprieszs came out of a handful of retailers that managed to outperform their very low expectations. we're talking about the limited, nordstrom, and zumiez. they delivered sales declines but managed to beat the street with those. and & kohl's, they came out about half a percent positive for july when wall street was looking for a 3% drop. with
and as you heard bob pisani break it down, the thesis here is this. the retailers are going to be able to beat in the coming quarters because of cost cutting, because of margin improvement. that's much more so than because of their outright sales growth. inventories at retailers, they're running about 10% to 20% lower than last year. consumers are still strapped for cash. and saving what they have with unemployment running at multidecade highs. now, it's one of the reasons some of the best...
224
224
Aug 11, 2009
08/09
by
CNBC
tv
eye 224
favorite 0
quote 0
we have bob pisani to tell us more about what dick beauvais had to say, advising investors to get out. >> get out short-term. the important thing is the financials were the big movers last week, up 30% in the last month. look at zion went from 10 to 18 in a month. make some sense to take the profit. citi was 250 a month ago, and went to $4 friday. makes sense to take some profit taking. dick beauvais an analyst is fairly influential and fairly widely read. he said that bank stocks were trading on fumes and said take some short-term profits, that the recent rise we have seen in the last month is driven by a change in psychology. everybody thought that essentially banks were inn solvent and now everything is better but the earnings outlook isn't really improving that much. so the bottom line is, we have seen weakness today and that's the group that makes some sense. will the, remember, cit has been a disappointment, as well. remember last week, they're in a big restructuring effort. they may have to file for bankruptcy. if approximate they don't get this debt tender offer through, they'
we have bob pisani to tell us more about what dick beauvais had to say, advising investors to get out. >> get out short-term. the important thing is the financials were the big movers last week, up 30% in the last month. look at zion went from 10 to 18 in a month. make some sense to take the profit. citi was 250 a month ago, and went to $4 friday. makes sense to take some profit taking. dick beauvais an analyst is fairly influential and fairly widely read. he said that bank stocks were...
249
249
Aug 13, 2009
08/09
by
CNBC
tv
eye 249
favorite 0
quote 0
let's start with bob pisani here at the big board. bob? >> we were just talking about the retail sales to the guys down here. the futures have weakened on it. the talk down here is the cash for clunkers program is taking money away from other businesses like retail sales, for example. rightly or not, that's what people are talking about. walmart did beat on their earnings. sales were disappointed. same-store sales guidance, class up 2%. that's a disappointment. kohl's beat on the top line but no pick up for sales for them as well. look elsewhere here. solar companies are reporting terrible earning. the problem is renewable energy products, the financing has dried up. solar panels in the world because of the slow down in the global economy. tradertalk.cnbc.com. scott, how are we at the nasdaq? >> big day for tech yesterday. out of the gate nicely today. apple raised at barclays capital to 188. that's on product pipeline microsoft is up. the hd version of the zoom is in stores mid september. stocks on the move. intel, 3/4 to 1% to the upside
let's start with bob pisani here at the big board. bob? >> we were just talking about the retail sales to the guys down here. the futures have weakened on it. the talk down here is the cash for clunkers program is taking money away from other businesses like retail sales, for example. rightly or not, that's what people are talking about. walmart did beat on their earnings. sales were disappointed. same-store sales guidance, class up 2%. that's a disappointment. kohl's beat on the top line...
244
244
Aug 18, 2009
08/09
by
CNBC
tv
eye 244
favorite 0
quote 0
bob pisani, what's on the minds right now. are we heading into a dejavu of last year at this time, where there is an anticipation of a correction, it becomes a self-fulfilling prophecy. showing on the vix there, possibly a signalling for this fall? >> and i think the vix is two standard deviations. i think the bollinger bands are two standard deviations from where we're trading right now. so the answer is we have had low volatility reasonable, and that's one of the reasons the bands were getting narrower and narrower. most traders now, definitely more cautious. most traders are expecting those kind of pullbacks. a 10% pullback would be 9, 10 on the s&p, only 80 points away. that's certainly not much. already at a 3% correction from the high on august 13th. so everybody there -- i sort of take the opposite view. when everybody is positioned for a potential correction at this point, it's very easily for it to move in the other direction. this morning, the market should have moved down a little bit more. they tried to press them
bob pisani, what's on the minds right now. are we heading into a dejavu of last year at this time, where there is an anticipation of a correction, it becomes a self-fulfilling prophecy. showing on the vix there, possibly a signalling for this fall? >> and i think the vix is two standard deviations. i think the bollinger bands are two standard deviations from where we're trading right now. so the answer is we have had low volatility reasonable, and that's one of the reasons the bands were...
326
326
Aug 14, 2009
08/09
by
CNBC
tv
eye 326
favorite 0
quote 0
let's get straight to bob pisani. couple of the names in the headlines. >> the important thing is europe is up. china is down. decoupling. 3% decline in shanghai. down 12% from the recent highs. retailers coming in. mixed picture here. we have -- abercrombie. 30% decline in same-store sales. a all about international growth. three international flagship stores. investors are willing to wait for those particular sales. that stock just opened 3%. jcpenney right here. jcpenney is going to open down just slightly here. if you are wondering what the story is, they beat by a penny. the important thing is they raised full-year guidance. they are being very conservative. be conservative and theat the numbers later. the street estimates caught up with the conservative numbers and that's why we sell on the numbers here. even though they did raise value. pretty much the same story for nordstrom's. anniversary sale was very good and that was anticipated. good news for them. again, their commentary conservative. same-store sales d
let's get straight to bob pisani. couple of the names in the headlines. >> the important thing is europe is up. china is down. decoupling. 3% decline in shanghai. down 12% from the recent highs. retailers coming in. mixed picture here. we have -- abercrombie. 30% decline in same-store sales. a all about international growth. three international flagship stores. investors are willing to wait for those particular sales. that stock just opened 3%. jcpenney right here. jcpenney is going to...
179
179
Aug 11, 2009
08/09
by
CNBC
tv
eye 179
favorite 0
quote 0
kick things off with bob pisani here at the big board. robert? >> hello, mark. here's a real test of the market's resiliency. we had it a couple of weeks ago. market trying to press it down here. s&p 500, we've had an amazing run in the last month. started a month ago. s&p up 10, 12, 14% at the lows of the day here. if we end near the positive territory here today, if that market can come back to flatline that will be a rickett for the bulls at this point to demonstrate market resiliency. where is the leadership? remember the financials, must be one and some of the cyclical stocks like industrials. guess what the market decliners are. zion went to $18 on friday. is it any surprise they're taking profits? citigroup went to $4. is it any surprise they're taking profits here?ñ it's not. industrial, remember, cyclical, it's very logical what's going on here. big gains in the cyclical names ant last two days weakness. so there is some logic to this. they're trying to test and take some profits. tra tradertalk@cnbc.com. >> turns out that 2000 level might have been r
kick things off with bob pisani here at the big board. robert? >> hello, mark. here's a real test of the market's resiliency. we had it a couple of weeks ago. market trying to press it down here. s&p 500, we've had an amazing run in the last month. started a month ago. s&p up 10, 12, 14% at the lows of the day here. if we end near the positive territory here today, if that market can come back to flatline that will be a rickett for the bulls at this point to demonstrate market...
256
256
Aug 7, 2009
08/09
by
CNBC
tv
eye 256
favorite 0
quote 0
bob pisani has almost always, on the floor. >> thanks very much. the key story for the week is financial out liars. stocks that were sort of out there. had very positive things to say. and that affected financials in general. c.i.t. is one of them. remember on monday's bond offering, couldn't afford to pay the interest rates on the bond if sweetened the term and it was successful. helped counter party risk. announced they were able to borrow more money. one week, stock is up. now look, $1.68 here. take a look at aig. david and i have talked about it all morning. $13 a week ago, now $25. bottom line, yes, there was a short squeeze. positive comments this morning. talked about businesses, generally showing signs of stabilization. and the value of some of their assets, also showing improvement here. so two outlyers affecting the rest of the market. the big bank names, citi group supposed on the week. key corp., this is one week here. i tell you it's because of some of the worse case scenarios being sort of put aside here as a result of what we're hear
bob pisani has almost always, on the floor. >> thanks very much. the key story for the week is financial out liars. stocks that were sort of out there. had very positive things to say. and that affected financials in general. c.i.t. is one of them. remember on monday's bond offering, couldn't afford to pay the interest rates on the bond if sweetened the term and it was successful. helped counter party risk. announced they were able to borrow more money. one week, stock is up. now look,...
364
364
Aug 17, 2009
08/09
by
CNBC
tv
eye 364
favorite 0
quote 0
bob pisani. >> and futures were lower earlier in the morning, believe it or not. important thing here is gdp in japan, was up for the first time in five quarters. japan was weak, china also down nearly 60 cents. we're down 15% in china. here's the crowd for lowe's. opened down 10%. down $2.75 right now. more important, store growth in 2010 will not be as strong as s some people anticipated. also, comparable store sales for 2009 as a whole, now expected to be down 7% to 9%. that's that important where are you going to get the top line growth from. can't keep cost cutting all the type. comp store sales 7% to 9%. previous guidance was 4% to 9%. capital one is down a little bit here. they came out with a credit card numbers for the month of july here. sequential increase in credit card default and delinquencies is opening down. tradertalk.cnbc.com. how are we, matt, at the nasdaq? >> a little worse than you. a little bit liquid and early today. we're down a full 2% on the nasdaq composite index. bing, bing, bang, boom, four to six days lower here today. definitely hea
bob pisani. >> and futures were lower earlier in the morning, believe it or not. important thing here is gdp in japan, was up for the first time in five quarters. japan was weak, china also down nearly 60 cents. we're down 15% in china. here's the crowd for lowe's. opened down 10%. down $2.75 right now. more important, store growth in 2010 will not be as strong as s some people anticipated. also, comparable store sales for 2009 as a whole, now expected to be down 7% to 9%. that's that...
242
242
Aug 28, 2009
08/09
by
CNBC
tv
eye 242
favorite 0
quote 0
i got bob pisani here with me on the floor. you know, yesterday i went back to global hq and, you know, all hell broke loose on the market. should i get out of here again? >> no, we're fine. we've got very low volume. let's put up the high beta financial names we've been talking about all week. there may be a little bit of fundamental news. they're attracting investors, buyers and sellers, simply because the volume is there for them. those stocks that you got and looking at here, 30% of the volume on the new york stock exchange for most of this week. so when you get that, take the volume out of that, you've got churning around on very light volume which doesn't mean an awful lot in terms of where the market is going. we need more data point. look at other things out there, look at the big tech names out there, great news from dell, great news from intel overall, maybe get a little profit of s.t. micro. but the rest of the tech sector is drifting slower here even though opened higher. even with good news the market is having tro
i got bob pisani here with me on the floor. you know, yesterday i went back to global hq and, you know, all hell broke loose on the market. should i get out of here again? >> no, we're fine. we've got very low volume. let's put up the high beta financial names we've been talking about all week. there may be a little bit of fundamental news. they're attracting investors, buyers and sellers, simply because the volume is there for them. those stocks that you got and looking at here, 30% of...
338
338
Aug 28, 2009
08/09
by
CNBC
tv
eye 338
favorite 0
quote 0
i'm bob pisani. maria bartiromo taking a break today. let's take a look at how stocks are shaping up on this final hour of the trading day. there's the dow jones industrial. and frankly we've been in a bit of a trading range. we were down as much as 85, up as much as 40. i guess we're sort of right in the middle now where we've been throughout most of the day. nasdaq same situation although it's on the positive side thanks to positive comments from dell as well as intel. semiconductor stocks have been leading the nasdaq higher all throughout the day. s&p 500 basically flat on the week, folks. we'll talk about that in just a moment. what's next? where are we going in september? let's take a look at where we've been here, what sort of the theory is about what will happen in september. remember, august and september are traditionally the two weakest combinations, two weakest months of the year, but wait a minute, everyone's been wrong so far. august is up 4%. we've got a couple days to go, one day to go p but it's looking pretty good right
i'm bob pisani. maria bartiromo taking a break today. let's take a look at how stocks are shaping up on this final hour of the trading day. there's the dow jones industrial. and frankly we've been in a bit of a trading range. we were down as much as 85, up as much as 40. i guess we're sort of right in the middle now where we've been throughout most of the day. nasdaq same situation although it's on the positive side thanks to positive comments from dell as well as intel. semiconductor stocks...
244
244
Aug 21, 2009
08/09
by
CNBC
tv
eye 244
favorite 0
quote 0
now let's go back to bob pisani. >> thank you, rickster. both rick and rebecca's market are impacting us. i'll just summarize what's going on. mr. bernanke making positive comments earlier on. then of course we had those housing numbers, existing hole sales up for four straight months, although bear in mind here the inventory levels still very high. commodity stocks have been impacted the last four days on the dollar weakness. you saw rick put up that chart there, and energy stocks have been up on the oil breakout. just take a look at the s&p 500. we are at new highs for the year. in fact, the highest level since october. that slow grind up throughout the middle of the year. and then the last month it's been almost straight up here. take a look at the oil service stocks. one of the best weeks in a while. they've been held back by the poor natural gas environment we've been seeing and the poor fundamentals. but this week all about oil. and they, believe it or not, are the leading sector for the s&p 500. finally, on the retailers it's sort of
now let's go back to bob pisani. >> thank you, rickster. both rick and rebecca's market are impacting us. i'll just summarize what's going on. mr. bernanke making positive comments earlier on. then of course we had those housing numbers, existing hole sales up for four straight months, although bear in mind here the inventory levels still very high. commodity stocks have been impacted the last four days on the dollar weakness. you saw rick put up that chart there, and energy stocks have...
161
161
Aug 9, 2009
08/09
by
CNBC
tv
eye 161
favorite 0
quote 0
. >>> now here's bob pisani with a look at some of the stories in the headlines this week. >> here's a look at what's making news as we enter a new week on wall street. for the first time since april of 2008, the unemployment rate actually fell. the jobs report for july was released on friday and it showed the economy lost 247,000 jobs, better than what many economists had expected. the unemployment rate dropped to 9.4%. the better than expected report is a strong signal the recession is ending. the market started august off on a bang. on monday, the s&p 500 closed over 1000 for the first time since november, the nasdaq over 2000 for the first time since october. the markets were flat midweek and rose on friday. with a helping hand from the cash for clunkers program vehicle sales in july got a boost. ford up 2%, the first year over year increase since last august. gm, chrysler and toyota were down. earnings season is winding down, but several dow components reported this week. kraft, cisco abeat analysts estimates. the u.s. postal service expects to lose more than $7 billion by the e
. >>> now here's bob pisani with a look at some of the stories in the headlines this week. >> here's a look at what's making news as we enter a new week on wall street. for the first time since april of 2008, the unemployment rate actually fell. the jobs report for july was released on friday and it showed the economy lost 247,000 jobs, better than what many economists had expected. the unemployment rate dropped to 9.4%. the better than expected report is a strong signal the...
207
207
Aug 21, 2009
08/09
by
CNBC
tv
eye 207
favorite 0
quote 0
let's start with bob pisani. bob? >> guys, futures ended right at the highs of the day. europe at the highs as well here. so it's starting out positive for the morning here. let's talk about what's going on. by and large it's about retailers here today. look at ann taylor, better than expected earnings. revenues about in line with expectations. expect comparable sales to improve. they're probably going to be on the negative side. aeropostale has good news. that stock is opening to the upside. beat estimates as well. gap is lean and mean. that's what all of these companies are about. inventory levels are down. helped them improve their gross margin, helped them beat a small amount, a penny. up about 3% right now here. the bottom line here is you've got companies that are improving their inventories, improving their gross margins. now you need to see sales improvement. speaking of what's going on with gas here. i spoke to the boss here, ceo of the new york stock exchange. look. look. gap jeans here. they're all wearing gap jeans. turn around. how do you know i'm not wearin
let's start with bob pisani. bob? >> guys, futures ended right at the highs of the day. europe at the highs as well here. so it's starting out positive for the morning here. let's talk about what's going on. by and large it's about retailers here today. look at ann taylor, better than expected earnings. revenues about in line with expectations. expect comparable sales to improve. they're probably going to be on the negative side. aeropostale has good news. that stock is opening to the...
325
325
Aug 5, 2009
08/09
by
CNBC
tv
eye 325
favorite 0
quote 0
bob pisani at the big board, and robert. >> futures did drop a bit. drop losses greater than anticipated. we've got earnings, kind of a mixed picture, procter & gamble did beat on the top line. greater cost cuts, but they were hurt by currency issues, price increases offsetting a decline in volume. q1 guidance a bit below consensus. kraft falls 1%, but their full-year guidance is also pretty good. a stronger dollar also hurt their global sales. oil driller transocean, a big issue here of course is poor demand for all of the big oil companies. this is also true with an oil rig company, their demands falling as well. brian schactman, how are we looking? >> the premarket indicator slightly higher, futures slightly lower, so open will probably be flat. ten-year deal with microsoft. it will pay yahoo! $50 million a year. "new york post" saying that research in motion launching its cheapest blackberry, the gemini, you can get it for $48 at walmart or $189 at t mobile. it's up to the distributors to decide. cisco reports after the bell. i want to point out w
bob pisani at the big board, and robert. >> futures did drop a bit. drop losses greater than anticipated. we've got earnings, kind of a mixed picture, procter & gamble did beat on the top line. greater cost cuts, but they were hurt by currency issues, price increases offsetting a decline in volume. q1 guidance a bit below consensus. kraft falls 1%, but their full-year guidance is also pretty good. a stronger dollar also hurt their global sales. oil driller transocean, a big issue here...
112
112
Aug 3, 2009
08/09
by
CNBC
tv
eye 112
favorite 0
quote 0
i'm bob pisani at the new york stock exchange. hi, melissa. >> hey, bob. i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now we are seeing strength here in the final hour. the s&p 500 crossing over the 1,000 mark for the first time since november. oil and metal stocks amog mong the movers today. take a look at the major indices today, really having a bullish day out there. 9274 is the last level on the dow with more than 1%. triple digits on the day, 102 points. the nasdaq right now is also charging higher. it's up about 24 points on the day. and the s&p 500, here comes the nasdaq, it's up 24 points, like we said.. about 1.2%. but over 2,000. in the s&p 500 over 1,000 right now. bob, i imagine pretty good mood on the floor today. >> yeah, this is nts one of the things where you get these fluff rallies in the middle of the day and everybody's scratching their head. there are better signs today on the economic front can somewhat better commentary from the autos and financials. let's quickly run through what's goin
i'm bob pisani at the new york stock exchange. hi, melissa. >> hey, bob. i'm melissa francis in for maria bartiromo at cnbc global headquarters. in the markets right now we are seeing strength here in the final hour. the s&p 500 crossing over the 1,000 mark for the first time since november. oil and metal stocks amog mong the movers today. take a look at the major indices today, really having a bullish day out there. 9274 is the last level on the dow with more than 1%. triple digits...
127
127
Aug 4, 2009
08/09
by
CNBC
tv
eye 127
favorite 0
quote 0
i'm bob pisani at the new york stock exchange. >> i'm michelle caruso. the markets right now, stocks seeing selling pressure in the last ten minutes with the major averages all now in negative territory. taking a look where we stands, the dow jones industrial average lower by three points. you can see we've been hovering around the flat line. ditto for the nasdaq lower by 6.5 points. 2002. still holding onto the 2000 level. the s&p 500 still holding onto the 1,000 level. 1.55. bob, what else is on your radar? >> we're getting nice moves up in financials and other interest rate sensitive stocks here today. even though we're seeing a dip in the bonds. let's take a look at some of the big movers here. real estate investment trusts. the background for commercial real estate, in general it's poor. we have nice moves up in office reits like sl green, kim coand even apartment reits like avalon bay. some people are starting to think they've got to own some of these because they're underowned by very important groups of investors. home builders, disappointing ear
i'm bob pisani at the new york stock exchange. >> i'm michelle caruso. the markets right now, stocks seeing selling pressure in the last ten minutes with the major averages all now in negative territory. taking a look where we stands, the dow jones industrial average lower by three points. you can see we've been hovering around the flat line. ditto for the nasdaq lower by 6.5 points. 2002. still holding onto the 2000 level. the s&p 500 still holding onto the 1,000 level. 1.55. bob,...
156
156
Aug 5, 2009
08/09
by
CNBC
tv
eye 156
favorite 0
quote 0
let's get to the market reporters, beginning with bob pisani. >> financials outperforming and energy stocks are under pressure because of lousy earnings. metal stocks are higher. i'll tell you why in a little. let's look at the earning situation, this is typical of problems we've been having. big users of rigs out there, they lease rigs out and there's less demand overall. while earnings may be a little on the weak side, top line growth is notably week because the volume demand is down. this is happening across the board. procter & gamble, their volume declined 4%. they had higher prices but maybe that cost them a little bit in terms of market share because people went to lower price products. let me note, citigroup, volumes increasing. that's because there's going to be a big move here in the s&p 500 to buy more citigroup shares to reflect the big increase in common shares that occurred on friday. tradertalk.cnbc.com. the dollar is weaker again today. i see base metals moving up. >> it is an interesting dynamic to observe. we know the relationship with dollar dominated commodities.
let's get to the market reporters, beginning with bob pisani. >> financials outperforming and energy stocks are under pressure because of lousy earnings. metal stocks are higher. i'll tell you why in a little. let's look at the earning situation, this is typical of problems we've been having. big users of rigs out there, they lease rigs out and there's less demand overall. while earnings may be a little on the weak side, top line growth is notably week because the volume demand is down....
177
177
Aug 27, 2009
08/09
by
CNBC
tv
eye 177
favorite 0
quote 0
here with the full report on wall street's so-called risky business is our very own bob pisani. hello, bob. >> reporter: financial stocks leading the market off the bond. let's take a look at four of the big names. aig moving for a second day in a row as ceo acknowledged he was talking to the form er ceo hank greenberg. maybe there might be some role for him in the future. citigroup moving over 1 billion shares changing hands there. hedge fund manager paulson reportedly buying citi shares recently. altogether, larry, these four companies accounted for 2 billion shares changing hands. they're about 20% of the volume of the new york stock exchange. just four companies. back to you. >> all right. thanks, robert. i think it's a great story for risk taking. i, myself, followed up on this story, the aig story, that is. i spoke to senior sources very close, very close to mr. hank greenberg, the former ceo of aig who, of course, was the great creator of this company. and as these sources reported to me, what mr. greenberg is saying to the current ceo is quite simply this. ignore the gov
here with the full report on wall street's so-called risky business is our very own bob pisani. hello, bob. >> reporter: financial stocks leading the market off the bond. let's take a look at four of the big names. aig moving for a second day in a row as ceo acknowledged he was talking to the form er ceo hank greenberg. maybe there might be some role for him in the future. citigroup moving over 1 billion shares changing hands there. hedge fund manager paulson reportedly buying citi shares...
46
46
Aug 12, 2009
08/09
by
CNBC
tv
eye 46
favorite 0
quote 0
let's get straight to our market reporters and find out what they are watching, we have bob pisani and rick santelli. bob, what can move it? >> reporter: changes in the statement on quan take tif easing, do my usual, most are not expecting a lot of changes. as far as the economy goes, most of the traders are expecting them to reiterate, the economic contraction is easing. most feel the fed will leave the purchase programs as is. if they change that in any way, that's a game changer. on inflation, most say the fed will continue to statement. inflation will remain subdued for some time and take out the time line, that also will get a little bit of play here. on the interest rates there's a lot of disagreement on that. key phrase is the foreign expended period, likely to warrant exceptionally low levels of fund rates for an extended period. some think they will take that line out. other than that, a nice rally, 4-1 advancing to the declining stocks throughout most of the day. rick, the most interesting thing the stock guys are talking about, buying financial stocks very heavily ahead of a
let's get straight to our market reporters and find out what they are watching, we have bob pisani and rick santelli. bob, what can move it? >> reporter: changes in the statement on quan take tif easing, do my usual, most are not expecting a lot of changes. as far as the economy goes, most of the traders are expecting them to reiterate, the economic contraction is easing. most feel the fed will leave the purchase programs as is. if they change that in any way, that's a game changer. on...
95
95
Aug 6, 2009
08/09
by
CNBC
tv
eye 95
favorite 0
quote 0
i'm bob pisani down on the floor of the new york stock exchange. hello, michelle. >> hello, roberto. i'm michelle caruso-cabrera in for maria bartiromo at cnbc global headquarters. in the markets we are seeing some selling pressure on wall street. stocks are lower in what has been a pretty broad-based pullback. the s&p 500 as bob mentioned dipping below the 1,000 mark today and as for the other major indices i'll show you what's going on. the dow jones industrial average lower by nearly 52 points, a decline of half a percent. 9,228. below the 9,300 level again. the nasdaq below the 2,000 level at 1,971. and the s&p 500 declining by .8% or 8 points. 994.52. yes, below the 1,000 level. bob, later on in the show we're going to talk with a technician about what the s&p's going to do. what have you got on your radar? >> here's the important thing. there are some positive today but also some clear negatives. let's dot bull-bear, put up the screen here because i'm getting a lot of flak from both sides, and that's a good sign. the bulls are arguing right n
i'm bob pisani down on the floor of the new york stock exchange. hello, michelle. >> hello, roberto. i'm michelle caruso-cabrera in for maria bartiromo at cnbc global headquarters. in the markets we are seeing some selling pressure on wall street. stocks are lower in what has been a pretty broad-based pullback. the s&p 500 as bob mentioned dipping below the 1,000 mark today and as for the other major indices i'll show you what's going on. the dow jones industrial average lower by...
412
412
Aug 19, 2009
08/09
by
CNBC
tv
eye 412
favorite 0
quote 1
joining us now is tom wide, etf trans editor, and cool breeze, bob pisani, in-house etf guru. what's all the fuss about, tom? >> basically, they started in 2008. what a great time but three times leverage. both long side and short side, park. during the volatile time we've had this past year, especially in financials, you could come up with three reasons why to be bullish or why to be bearish. they ballooned in assets from a little over 100 million at the beginning of the year to both having a 1.5 billion right now. so today, based on your thoughts going forward, whatever side of the fence you're on, here's a way to play this sector in a very leveraged way. >> three times. >> three times leverage. >> okay. this is just -- this is like -- this is gambling. this is not investing. people are gambling. and that's okay. >> well, it's okay. it comes down to the subject that we've been talking about for months about inverse and leverage etfs, are they warranted. there have been some warnings. but for sophisticated strategies and educated investors, as long as they're monitoring activ
joining us now is tom wide, etf trans editor, and cool breeze, bob pisani, in-house etf guru. what's all the fuss about, tom? >> basically, they started in 2008. what a great time but three times leverage. both long side and short side, park. during the volatile time we've had this past year, especially in financials, you could come up with three reasons why to be bullish or why to be bearish. they ballooned in assets from a little over 100 million at the beginning of the year to both...